U.S. Treasury Yields Hit Year-to-Date Highs; 2-Year Rises to 4.34% on July 23

According to Jin10, U.S. Treasury yields reached year-to-date highs today (July 23). The 2-year yield rose approximately 4 basis points to 4.34%, marking the highest level since early 2025, while 10-year yields also surged to year-to-date peaks. Market participants increasingly expect the Federal Reserve may hike rates as soon as next week, driven partly by oil price increases amid Middle East tensions and Houthi attacks on commercial vessels.
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